Chart of the Week: Bitcoin's Summer Lull Still Offers 'Inexpensive' Trading Opportunity

Description

"Hey bitcoin, Do Something!" The viral meme — starring a stick figure poking the ground and depicting a need for reaction — might just sum up the current scene at digital assets trading desks during the slow, early summer days. Sure, bitcoin BTC just hit new fresh highs and is still trading above $100,000, but the P&L is diminishing daily for short-term volatility chasers. "Bitcoin’s volatility has continued to trend lower, both in realized and implied measures, even as the asset reaches new all...